£172,258
This estimated value is based upon the latest sale price for the house of £138,000 on 27 Apr 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£138,000 | 27 Apr 2018 |
Terraced |
Freehold |
Floor Area: 84 sq meters or 904 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in April 2018 the House Price Index for TYNE AND WEAR was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £138,000 results in an estimated price of approximately £172,258.
27 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 148.6 | 24.825 % | £138,000 | £34,258 | £172,258 |
The Postcode Pricing Model uses changes in average sales price within the NE28 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 50.223 % | £69,308 | £207,308 |
3 Month Average | 25.531 % | £35,232 | £173,232 |
6 Month Average | 20.236 % | £27,925 | £165,925 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Sep 2023 | £162,072 | £160,000 | 5 CAMBRIDGE AVENUE |
16 Jun 2023 | £161,962 | £160,000 | 12 DORSET AVENUE |
15 Jun 2023 | £139,692 | £138,000 | 383 STATION ROAD |
5 Jun 2023 | £178,158 | £176,000 | 22 LINCOLN AVENUE |
24 Mar 2023 | £176,664 | £175,000 | 12 BEDFORD AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 9 Jan 2018. Using an estimated price of £172,259 means this house is valued at £2,050 per sq meter (£190 per sq foot).
The average size of a house on DORSET AVENUE is 108 sq meters (1,173 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Dorset Avenue |
Jan 2024 | Burglary | Awaiting court outcome | On or near Lincoln Avenue |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Gardens |
Apr 2024 | Anti-social behaviour | On or near Somerset Gardens | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Regent Road |